Religare Mutual Fund has announced a dividend of 10% (Rs 1 per unit on face value of Rs 10) under the dividend plan of Religare Tax Plan. The record date for the dividend has been fixed as November 25, 2009. (Check out -Recent MF Dividends )
All investors registered under the dividend plan as on record date will receive this dividend. The NAV of the scheme under dividend option as on November 19, 2009 was Rs 12.80.
Religare Tax Plan is an open ended equity linked savings scheme with a lock-in period of three years. The investment objective of the scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
